Technical analysis by ForexFox_SA about Symbol PAXG: Buy recommendation (12/26/2024)

In the weekly time frame we may be in the phase of correction A and B may be forming now and this move may lead us to 2726 first and then 2791 after because up move is strong. Than maybe price starts falling . Technically it is possible to hit 2535 but considering the global enviroment 2600 can be a support. But no one knows yet. Middle and the left one showe the subwaves. The first in the left is not fully shown but it looks like 5-3-5 correction has been completed. Following the daily close will give more data to predict actually. In daily it is still bearish but in 4h it may start and up move. In weekly it is bullish. If price is above 2610 this possibility will be still valid.